Pilgrim Petroleum Corp. (PGPM)

[deanna-hopkins]

The shorts called in the SEC to tank the PPS and cover their asses. One of the oldest tricks in the books. Use the cops to shut down your own party, but only after you have gotten a nonrefundable cover charge from all the "sheep" they intend to fleece. Or the covered shorts they placed bets through as rat-holes who through clandestine accounts or offshore handshake deals short the stock with every intent of sinking it. Just like the Tiatnic which is now known to have been the Olympic or those airplane company stocks that were shorted just hours of trading before 9/11/01.